The global silicone oil market was valued at USD 1.78 Billion in 2014 and is expected to witness a CAGR of 4.85% between 2015 and 2020. Factors driving the market of silicone oil include increasing demand from emerging economies and end-use industries and the favorable properties of silicone oil, growth in silicone applications, replacement of hydrocarbon based products with silicone oil based products, and so on. The silicone oil market is experiencing strong growth and is mainly driven by regions such as Asia-Pacific, RoW, Europe, and North America. Considerable amount of investments are made by different market players to serve the end-user applications of silicone oil.

The silicone oil market is mainly segmented on the basis of application, end-use industry, and region. The years considered for the report are:

Base Year - 2014

Estimated Year - 2015

Projected Year - 2020

Forecast Period-2015 - 2020

The base year used for company profiles is 2014; where the information was not available for the base year, the prior year was taken into consideration.

Research Methodology:

Various secondary sources such as encyclopedias, directories, and databases have been referred to identify and collect information useful for this extensive, commercial study of the silicone oil market. The primary sources, which include experts from related industries as well as key suppliers, have been interviewed to obtain and verify critical information as well as to assess the future prospects of the market.

The research methodology adopted in this report is explained below:

Top-down and bottom-up approaches were used to estimate and validate market sizes of silicone oil market

The market size, in terms of value, is calculated by using an average price derived per kg, and then multiplying it with silicone oil consumption in different regions. Later, using the bottom-up approach, the global market size for silicone oil, in terms of value, was calculated.

The top-down approach was used to estimate the sizes of other individual markets (mentioned in the market segmentation by application and region) via percentage splits from secondary and primary research. For calculation of a particular market segment, the most immediate parent market size was estimated for implementing the top-down approach.

The data were triangulated by studying various factors and trends from the demand and supply sides and the market size was validated using both top-down and bottom-up approaches and were verified through primary interviews. After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below shows the breakdown of the primaries on the basis of company, designation, and region, conducted during the research study.

Market Ecosystem:

The ecosystem for the silicone oil market consists of suppliers of key raw materials such as silicon, methyl chloride, and other chemical agents. Many companies such as Dow Corning, Wacker Chemie, Shin-Etsu Chemical Co. Ltd., Bluestar Silicones, and others have a backward integrated network to meet their production demands. The demand for silicone is largely due to personal care & home care industry, automotive industry, and industrial uses of silicone oil and others.

Target Audience of the Report:

The target audience of the report includes:

Silicone Oil Manufacturers

Silicone Oil Suppliers, Distributors, and Traders

End-use Market Participants of Different Segments of Silicone Oil

Government and Research Organizations

Associations and Industrial Bodies

Research and Consulting Firms

Investment Banks and Private Equity Firms

Environment Support Agencies

Scope of the Report:

By Application:

Lubricants

Water Repellents

Working Media

Heat Carrier

Others

Antifoams

Paint & Coating Additives

Polishes

Food Packaging & Food Processing

Medical

Solvents

By End-Use Industry

Industrial

Personal Care & Home Care

Textile

Energy

Automotive & Transportation

Agriculture

Others

Paints & Varnishes

Food & Beverage Industry

Pharmaceutical

Solar

Electrical & Electronics

By Region:

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Italy

Russia

Asia-Pacific

China

Japan

India

RoW

Brazil

Turkey

Available Customizations:

The following customization options are available for the report:

Product Analysis

Product Matrix, which gives a detailed comparison of product portfolio of each company

Country Level Analysis

Further breakdown of the global silicone oil market by major countries from Europe region including Spain, Belgium, Holland, and so on.

Further breakdown of the global silicone market by major countries from Asia-Pacific region including Taiwan, Indonesia, South Korea, and so on.

Further breakdown of the Rest of the World silicone oil market into Argentina and South Africa.

The global silicone oil market was valued at USD 1.78 Billion in 2014 and is expected to reach USD 2.41 Billion by 2020, at a CAGR of 4.85% from 2015 to 2020. Increasing demand from end-use industries such as personal care and automotive, increasing demand from emerging economies such as China, India, Brazil, and favorable properties of silicone oil are some of the drivers for the growth of this market.

Among the applications of silicone oil, the water repellents segment is the fastest-growing application segment. Silicone oil possesses an excellent water repellency property. When silicone oil is applied to a substrate, the contact angle of silicone oil causes water to be repelled. Silicone oil is applied in leather treatment, surface treatment for building materials, and coatings for roofs, masonry, additives for paints, inks and protective coatings, and so on. The growing industrialization and growing textile industry, mainly in the Asia-Pacific region, is driving the market of silicone oil in water repellency applications.

Personal care & home care is the largest consumer of silicone oil among the various end-use industries considered in the report. Silicone oil is extensively used in myriad homecare & personal care applications owing to its versatility, biocompatibility, conditioning benefits, low surface tension, high permeability, and pressure sensitive properties. Currently, silicone is used in many personal care products such as shampoos, hair care products, and shaving products. It is also used in the manufacturing of homecare products, such as furniture polish, detergents, toiletries, insecticides, fragrances, and others. The growing population and rising demand for improved quality of personal care products is driving the market of silicone oil in personal care & home care segment.

Asia-Pacific held the largest share of the global silicone oil market in 2014 and is expected to continue doing so during the forecast period. Asia-Pacific is also the fastest-growing market during the forecast period. Wide-scale industrialization, growing economy, and growing population are the main reasons for this high growth rate. Many global players are entering into the region due to cheap labor, easily availability of raw material, and favorable governmental rules and regulations. Among the various countries in this region, China is expected to lead the market of silicone oil, growing at the highest CAGR. The high demand for silicone oil in the country is attributed to rapid industrialization witnessed over the past few decades.

The main restraint of silicone oil market is the high manufacturing cost of silicone oil compared to its hydrocarbon counterparts. The high production cost of silicone leads to increase in the cost of production of silicone oil. Therefore, silicone oil is costlier than mineral and organic oils. The high production cost leads many manufacturers prefer to produce traditional hydrocarbon products.

Client Consult Problem Statement :

MnMs client who is one of the leading manufacturer of silicones was interested in project involving Assessment of Core Silicone Fluid market and detailed customer list for different applications. The key objective for the study involved:

In-depth analysis of silicones market for elastomer (rubber and sealants), fluids and resins, by application, functional group, supplier, region and also at country level

Detailed supply chain, pricing analysis and competitor analysis

Customer list for various applications of elastomers, fluids and resins with the type of fluid consumed and the product line in which they are used

Solution Provided:

Methodology Adopted by MnM : MnM carried out a detailed search of the public domain an....

Methodology Adopted by MnM : MnM carried out a detailed search of the public domain and its own proprietary & non-proprietory database on target silicone market to orient the project, develop the industry structure including, manufacturers/suppliers, distributors, customers, associations, regulatory authorities and allied stakeholders. Exhaustive interviews were conducted from sales, marketing, production, R&D, technical experts using a semi-structured Discussion Guide to understand and provide the in-depth analysis of the market. These interviews were used to draw out information such as major customers, end user industry demand, customers activity, trends, future growth, etc. Similarly among regulatory authorities, associations and others bodies. MnM also obtained detailed information on market sizes, usage trends, future growth prospective for target end user industries along with the major consumer details.

Actual Solution Provided: - Through the detailed outcome of the study, we provided inputs on-

Market size of the silicones industry by application, functional group, region and country for elastomers, fluids and resins

Supply chain analysis of the silicones industry and siloxane production capacity by manufacturer and its location

Developments trends in the silicone industry and the competitors analysis, benchmarking on the basis of functional group, applications and various other parameters, comparative SWOT analysis of the siloxane manufacturers and customer list

Value Delivered:

MnMs client was able to understand the current scenario of the silicones market. Also, the market forecasts were provided to focus clients attention to the high growth markets of silicones.

The competitive benchmarking also helped to understand the clients present situation in the market and further helps the client to built short and long term strategies to gain the market share

The customer analysis with a list of more than 500 customers with their product line also helped the client to target the new customers in different application segments in various geographies

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